The U.S. Yield Rally Isn’t All It Seems

By

Chelsey Dulaney

Feb 13, 2018 8:50 am ET

The inflation scare that has rattled global markets in recent weeks might not have been entirely about inflation. The yield on the benchmark 10-year Treasury note has surged to near 2.9%, its highest level in four years, from 2.4% at the start of the year. Many analysts say the spike was driven by signs that […]